Income Tax on Educational Institutions in India – Past Seven Years Introduction Educational institutions in India enjoy certain tax exemptions under the Income Tax Act, 1961, especially when they operate for charitable or not-for-profit purposes. However, not all institutions are […]
Income Tax Bill 2025: What’s Changed & What It Means for You? Introduction The Income Tax Bill 2025 is set to replace the decades-old 1961 Act, bringing a fresh and simplified framework for taxpayers in India. It introduces new tax […]
Income-Tax 1961 and 2025: New Income Tax Bill 2025 Highlights Side-by-Side Introduction The Income-Tax Act, 1961, guided India’s taxation for over 60 years but grew complex with time. To simplify and modernize the law, the government introduced the New Income […]
How Should Freelancers in India File Taxes on Income Earned from Foreign Clients? Introduction Freelancers in India often work with clients based in other countries. While the payments come in foreign currency, the income is fully taxable under Indian tax […]
Compliance Calendar for the month of March 2025 As the month of March is approaching, stay ahead of deadlines with the Compliance Calendar for March 2025! From GST returns to PF/ESI payments and income tax filings, this month is packed […]
New Income Tax Bill, 2025 – New Updates & Highlights Finance Minister Nirmala Sitharaman presented the Income Tax Bill 2025 in the Lok Sabha on February 13. The bill aims to make the tax system simpler by using easy language, […]
Compliance Calendar For The Month of January 2025 As we enter 2025, businesses and individuals must stay on top of their compliance obligations. A compliance calendar helps track important deadlines for GST filings, Income Tax returns, and other statutory requirements, […]
How to Become a Tax Return Preparer? Eligibility, Process, and Objectives The role of a tax return preparer is pivotal during tax season, offering individuals and businesses a professional service to navigate the complexities of tax filing. As the tax […]
How to Get ITR Intimation Password: A Step-by-Step Guide? Filing Income Tax Returns (ITR) is a crucial process for every taxpayer, but sometimes, taxpayers face difficulties when trying to access the Income Tax Department’s portal, especially when it comes to […]
